Published: Mon, December 21, 2015
Business | By Max Garcia

Canadian Pacific Sweetens Offer to buy Norfolk Southern (TSE:CP)


According to the latest available information Canadian Pacific Railway Limited (NYSE: CP) is expected to issue their next quarterly earnings announcement on or around 2016-01-28. The company's 50 day moving average price is $77.53 and its 200-day moving average price is $76.46.

Canadian Pacific Railway Limited (NYSE: CP) last released its earnings results on Tuesday, October 20th. The company has a market cap of $26.37 billion.

Shares of Canadian Pacific Railway Limited appreciated by 0.72% during the last five trading days but lost 8.41% on a 4-week basis. The daily volume was measured at 2,544,770 shares. The firm earned $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. Analysts predict that Canadian Pacific Railway Limited will post $10.14 EPS for the current year.

Meanwhile, the core terms of the offer remain the same as last week's revised proposal, with CP Rail (TSX: CP) offering to pay Norfolk shareholders US$32.86 in cash and 0.451 shares in the new company. This represents a $1.25 annualized dividend and a yield of 1.61%.

A number of other research firms have also recently issued reports on CNR.

He said CP Rail believes that the combined company would be valued at more than $175 per share, and so no payout will be required. The firm presently has Outperform rating on the stock. Credit Suisse raised their price target on Canadian Pacific Railway Limited from $179.00 to $182.00 in a report on Thursday, October 8th. In fact, you buy stocks the same way you do now... but with one simple difference. Finally, RBC Capital upped their price target on shares of Canadian National Railway Company from C$84.00 to C$92.00 and gave the company an outperform rating in a report on Thursday, October 29th. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CNs network of approximately 20,100 route miles spans Canada and mid-America, connecting three coasts: the Atlantic, the Pacific and the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama) and metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis and Jackson (Mississippi), with connections to all points in North America. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. It also handles significant volumes of global intermodal containers and domestic general merchandise traffic.

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